Ebi.xyz, first DEX to launch features to curb Wash Trading

Ebi.xyz, launch Self-trade prevention feature to combat wash trading

Ebi.xyz, a decentralized exchange (DEX) built on Arbitrum One, has become the first in the industry to introduce a Self-Trade Prevention (STP) mechanism. This innovative feature is designed to combat wash trading, a manipulative practice where traders buy and sell the same asset to create a misleading appearance of market activity. By preventing self-trading, Ebi.xyz is setting a new standard for transparency and security within decentralized exchanges.

Ebi.xyz Combating Wash Trading for Fair Trading Practices

Wash trading has been a growing issue in decentralized exchanges, with studies showing that around 70% of Ethereum-based DEX liquidity pools have been impacted by this manipulation since 2020. Ebi.xyz’s STP mechanism addresses this problem by ensuring that users cannot trade with themselves. If a user attempts to place a taker order against their own maker order, the system will block the transaction automatically, maintaining a fair trading environment for all users.

“We are committed to providing a secure and transparent platform,” said Akira Ebi, Head of PR and Marketing for Ebi.xyz. “By implementing the STP mechanism, we’re not only preventing manipulative practices but also upholding the integrity of our exchange, ensuring that both new and existing users can trade with confidence.”

Ebr Crypto Self Trade mechanism: Rapid Growth and Strengthened Security

The launch of the STP mechanism follows Ebi.xyz’s rapid growth, with over 145,000 new users registering on the platform in just one week. As the fastest-growing DEX by user count, the introduction of this feature highlights Ebi.xyz’s dedication to user security and market integrity.

Ebi.xyz continues to make strides in the decentralized finance (DeFi) world. The exchange has already ranked twelfth among the most popular derivatives DEXes on CoinMarketCap, reinforcing its growing influence in the market. With the STP mechanism in place, Ebi.xyz aims to lead by example, ensuring a safe and trustworthy trading experience for all users.

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